TAP – This article is not describing the current status quo, but a feared scenario of Germany and oil consumers everywhere. When did oil producers and producers of all other commodities not form cartels whenever they are able? The real manipulators of events hide away in the background, and trade the fluctuations in energy prices making a hundred on the dollar, as each price swing occurs to their order. The New World Order is creating markets of continuous instability, making economic life almost impossible for the majority of human beings living on this planet. The elites suck up ever greater profits, and monetary power, by driving the price of energy first to the floor and then back to the ceiling and so on ad infinitum. Instability is how they make their money. Everyone else is just left hanging. Are we looking at inflation or deflation? Or both in combination, as required by Wall Street commodity brokers. Who needs taxes when you can suck the wealth out of the world by moving the price of everything up and down to order? And who better to blame it all on than Putin, the most convenient bogeyman.
Russia’s role in the current oil crisis is increasingly changing. Since the influence of Saudi Arabia has been gradually weakening, Russia has started to play an important role in determining oil prices, German newspaper Deutsche Wirtschafts Nachrichten (DWN) reported.
In the context of the ongoing oil crisis Russia has now assumed a decisive role in the formation of a new cartel, which could lead to a new geopolitical order, the newspaper wrote.
After the first meeting between Russia, Qatar, Saudi Arabia and Venezuela in February, a new round of talks will be held again in mid-March, but this time with a larger group. Should Russia be able to reach consensus during the meeting, it would strengthen its leading role on the oil market and even help it control most of the global oil supply, the article said.
Before the crisis Saudi Arabia was the main country that determined developments on the oil market, but meanwhile its influence is significantly weakened. Moreover, friendly relations between Saudi Arabia and the United States have also deteriorated after Washington supported the abolition of sanctions against Iran and signed a deal on the Iranian nuclear program.According to the newspaper, falling oil prices may contribute to closer cooperation between Saudi Arabia and Russia. Although the countries failed to reach an agreement on the Syrian crisis, the current oil crisis could pave the way for cooperation between the two countries.
Russia’s active involvement in the fight against Daesh is likely to ensure Moscow the support of Iraq. Moreover, if Russia will be able to negotiate an agreement between its longtime ally Iran and Saudi Arabia, it would then become a leader among of all main oil producing countries, which represents 73 percent of the global oil supply, the newspaper concluded.